Archive | 2016

The 2016 Employee Outlook Research paper from the CIPD has found that 36% of the UK employees surveyed are dissatisfied with their current pay level and more worryingly that 25% of employees plan to leave their current company in the near future.

We are going to break this article down into three distinct parts for easier digestion and comprehension. We are first going to outline, briefly, what the IR35 rules are, from there we are then going to succinctly explain what the proposed changes to the rules are.

For those that are unaware, as is succinctly explained by Gov.uk “a salary sacrifice arrangement is an agreement between an employer and an employee to change the terms of the employment contract in order to reduce the employees entitlement to cash pay”.

The government has recently cut back their initial, quite radical, proposed changes to the way termination payments are taxed. They have instead, more recently, issued new draft legislation, which represents comparatively milder proposed changes.

The Pensions Regulator’s fourth annual analysis clearly shows that Auto Enrolment is successfully helping to revert a long standing decline in pension provision that many assumed could never be changed.

Employers can not only receive hefty fines for hiring illegal employees but can also face criminal prosecution. The maximum fine for hiring illegal employees has increased over time from £10,000 to £20,000 in May 2014